There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Mirati Therapeutics (MRTX) and Phathom Pharmaceuticals (PHAT) with bullish sentiments.
Mirati Therapeutics (MRTX)
The company’s shares closed last Tuesday at $153.28.
According to TipRanks.com, Olson is a 3-star analyst with an average return of 2.6% and a 46.7% success rate. Olson covers the Healthcare sector, focusing on stocks such as Constellation Pharmaceuticals, Madrigal Pharmaceuticals, and Crispr Therapeutics AG.
Currently, the analyst consensus on Mirati Therapeutics is a Strong Buy with an average price target of $240.14, representing a 66.8% upside. In a report issued on April 26, Credit Suisse also initiated coverage with a Buy rating on the stock with a $285.00 price target.
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Phathom Pharmaceuticals (PHAT)
In a report released today, Joseph Stringer from Needham reiterated a Buy rating on Phathom Pharmaceuticals, with a price target of $55.00. The company’s shares closed last Tuesday at $33.89, close to its 52-week low of $28.10.
According to TipRanks.com, Stringer is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -15.1% and a 17.3% success rate. Stringer covers the Healthcare sector, focusing on stocks such as Apellis Pharmaceuticals, Lexicon Pharmaceuticals, and Crispr Therapeutics AG.
Phathom Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $60.25, implying an 88.0% upside from current levels. In a report issued on April 30, Evercore ISI also maintained a Buy rating on the stock.
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